Funds
Candriam, a global multi-asset manager with €145bn in AUM, has launched the Candriam Equities L ESG Market Neutral Fund which will target long and short investment opportunities based on both financial and ESG criteria.
Hilbert Group AB, through its asset management division, Hilbert Capital, has formed a strategic partnership with Xapo Bank, a prominent global financial institution, to launch a new $200m bitcoin-denominated hedge fund.
Magnetar Capital, the $17.5bn money manager known for alternative credit and hedge fund investing, has closed a new $235m venture capital fund – the Magnetar AI Ventures Fund – which will focus on investments in generative AI startups.
LoCorr Funds, a specialist in low-correlating alternative investments, has launched the new Hedged Core Fund, a ’40 Act investment vehicle which, according to a press statement, will ‘tap into the expertise of top-tier institutional money managers’.
AQR Capital Management, the quant investment firm co-founded by hedge fund veteran Cliff Asness, has raised approximately $350m for its newly launched Adaptive Equity Market Neutral UCITS Fund, which blends ESG principles with long-short market strategies, according to a report by Bloomberg.
Family offices are ramping up their investments in hedge funds, with allocations significantly increasing during the second quarter of 2024, according to a report by AlternativesWatch citing new analysis by Citi Private Bank.
Australia’s second-highest performing hedge fund, Tribeca Alpha Plus Fund, has capitalised on the increased volatility during earnings seasons, claiming that inadequate investment bank research has struggled to keep pace with rapidly changing industries, according to a report by Bloomberg.
Hedge fund performance improved in July to an average weighted return of 0.6%, up from 0.4% in the previous month, with over two-thirds of strategies ending the month in positive territory, according to the latest Monthly Hedge Fund Update from Citco.
US public pension plans with long-standing allocations to hedge fund strategies, including the Virginia Retirement System and the Texas County and District Retirement System, have reported strong gains as of June amid renewed interest in the asset class from institutional investors, according to a report by Alternatives Watch.
Hong Kong-based hedge fund Strategic Vision Investment has wound down its primary Value Multiplier Fund, a long-short investment vehicle which focused on Chinese equities, according to a report by Reuters.
